According to the SoP Valuation by CIMB, Kraken contributes 12 sens to the value of BAB at 69 sens end of year. We already lost 18 sens. So market already priced in no production until the end of 2024, or next 18 months. If Kraken is started and operates fully next month, there will be necessity to reprice this inconsistency.
Hong Leong Investment Bank (HLIB) said yesterday that Armada Kraken FPSO has a daily charter rate of about US$480,000 per day (US$175 million per year) and this accounts for approximately 35 per cent of the group’s revenue contribution in the financial year 2022 (FY2022).
Why they used the phrase "Shut In" and not "Shut Down" ? Does that mean the unit can be quick to Hot Restart instead of the slow process of Cold Start up.
~8.6 mill shares shorted yesterday compare to ~6.3 mill shares the day before. Net short at 0.27% up from 0.15% of 2 days trading. If weak buying support expect more blood bath. Is not about fundamentals anymore.
Oic. Thanks Joyvest. Another way or saying their systems or unit is on Hot Standby ready to crank up as soon as HSP or transformers are ready instead of total system de-oiling hence under preservation.
Bon888 So Mabel Mickymouse lost a lot in Armada during that tsunami? It was due to same Kraken FPSO right? 07/06/2023 11:11 PM
Haha those days we do have issue with Kraken. If I remember correctly Armada at one time was suspended from trading due to Kraken. Due to this Leon Harland was replaced with Gary Christensen.
Haha Not sure whether Sifu Mickey Mouse lost or not however he went missing when Armada rocket to 54...
Mikecyc Haha Kon Mabell .. During debating with Kon Moneykj in Kanger .. they will used many aka id to Flag report ( same as yr aka id team 7 Dream_xxx , and 13 aka id lead by FortuneBlooming n Coolbull, all 21 aka id are disappeared after TG case ) to silent Opposite views , and created similar aka id with number.. eg Johnchew3 to post :
Haha had posted at least Twice in TG to use Haha n Hoho to debate with Kon Mabell, Ularsawa n the 21 aka id .
Haha n Hoho also posted in Netx , TDM , Hiaptek n HRC .
So far noticed Admin had done a Great n Fair actions on :
1) cannot create aka id with continual number , such as Johnchew3 , Johnchew4 .
2) Earlier those being flag report until post removed need to wait several hours to 24 hours to re access to post , Now no more waiting hours .
3) Aka id cannot do flag report anymore.
Cheers … 08/06/2023 7:27 AM
Haha Mabel still remember that Haha and Hoho in TG and TDM..
Thanks Mabel for exposing this nonsense Mickey Mouse was under another name of John Chew. ( “ John Chew” antagonised too many others then with the same non sensible postings. ) Just beware of anyone who needs to keep changing name to hide his unpopularity for speaking nonsense in any forum as less and less participants would heed what he has to say eventually.
That the issue arose even before AGM and till now remains unresolved is bad. It’s normal to stop for 2-3 weeks due to unexpected production outage and to bring forward future maintenance work in that period. This normally doesn’t entail bursa announcement. Now we know this issue will b around for a while as alternative solutions, which may compromise output, are being considered. Management is looking at weeks of shut-in. It’s safe to assume loss of revenue for 2 months and some capex. All-in, if the final damage comes within RM300m, it’s a blessing enough.
those who interested have to buy have to prepare to hold for some time. Operators will not push up for those want to make quick contra traders last 2 days lah...
FPSOs are complex offshore facilities used in the oil and gas industry for the production, storage, and transfer of hydrocarbons. Due to their high capital investment and exposure to various risks, it is common for companies operating FPSOs to obtain insurance coverage to protect against potential losses or liabilities.
There are several types of insurance policies that can cover FPSO operations, including:
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bon888
3,368 posts
Posted by Bon888 > 2023-06-07 20:50 | Report Abuse
This lost could be just RM 100 million. but the share market capital already wipeout RM1 billion.